BUZZ-Trip.com gains ahead of China's Golden Week holiday

Reuters
27 Sep 2024

** U.S.-listed shares of Chinese travel agency Trip.com

rise 7.36% to $60.85 ahead of China's golden week holiday season

** Golden week, which falls between Oct. 1 and Oct. 7, accompanies an increase in domestic and international outbound travel volumes

** Softer travel prices to help boost booking volumes for online travel agencies during Golden Week, says HSBC Global Research

** "We like Trip.com given its leadership position in both domestic and outbound travel markets," HSBC adds

** Shares of the company up 57.4% YTD

(Reporting by Aishwarya Jain)

((Aishwarya.jain@thomsonreuters.com))

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